Fruit Vinegar Market Outlook
The emerging market opportunities for Fruit Vinegar Market Analysis appear to be conducive for the acceptance of convenience food in the European and North American region. Market Research Future, a firm that specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on the “global fruit vinegar market reached a value of US$ 2.27 Billion in 2021. Looking forward, Market Research Future expects the market to reach US$ 2.62 Billion by 2027, exhibiting at a CAGR of 2.6% during 2022-2027.
Vinegar is a liquid, consisting of about 5-20% acetic acid, water, and other trace chemicals. Vinegar also comes in various flavors. It is mainly used as a cooking ingredient. It is one of the important types of vinegar. Fruit vinegar is made from various fruits. It comes in various flavors such as apple, blackcurrant, raspberry, quince, and tomato. The demand is increasing widely due to its various nutritional benefits. The demand for fruit vinegar is anticipated to be driven by various factors.
One of the factors responsible for the increasing growth of fruit vinegar is the introduction of new products. Consumers are also inclined to use new products. One of the recent trends observed is getting momentum in the global Fruit Vinegar Market Analysis is natural fruit vinegar. Manufacturers are emphasizing launching natural products due to the increasing awareness of the adverse effects of chemical preservatives. Apart from this, fruit vinegar is increasingly used in sauces & dressings which in turn will escalate the sales of fruit vinegar during the forecast period of 2020-2027.
Fruit vinegar also finds application in the cosmetic & personal care sector due to the presence of a high amount of vitamin D is that prevents cell aging and strengthens the body’s immunity. Fruit vinegar also offers anti-glycaemic properties to diminish blood sugar levels. The presence of acetic acid content helps in minimizing blood sugar by averting the complete digestion of complex carbohydrates. All these factors are anticipated to enhance the sales of fruit vinegar during the forecast period of 2020-2027.
Competitive Landscape
Some of the players in the Fruit Vinegar Market Analysis that are expected to account for a considerable market share include Bragg Live Food Products, Inc., Australian Vinegar, Inc., Acetificio Marcello De Nigris, Mizkan Group, Vitacost, Inc., ACETUM SRL, and Fleischmann's Vinegar Company, Inc.
Regional Analysis
Regional segmentation of Fruit Vinegar Market Analysis has been done based on North America, Europe, Asia Pacific, and the Rest of the World (ROW).
Asia Pacific Fruit Vinegar Market is expected to hold a dominant position over the coming years due to the practice of consuming fruit kinds of vinegar, especially in countries like South Korea, Japan, and Taiwan. Here fruit-infused vinegar is often consumed after or between meals. Increasing disposable income and promotion of healthy food habits will augment fruit vinegar market growth in the region.
The benefits of fruit vinegar drinks are being acknowledged in the west as well and therefore, the fruit vinegar market in Europe is anticipated to grow considerably during the forecast period of 2020-2027.
Market Segmentation:
Fruit Vinegar Market segmentation has been done based on source, form, application, and distribution channel.
Based on the source, Fruit Vinegar Market has been classified as citrus fruits, berries, melons, drupes, pomes, and tropical fruits. The fruit vinegar market is expected to witness the highest CAGR over the coming years from the growing demand and production of citrus fruit vinegar. However, berries have been known to account for the largest revenue share in the fruit vinegar market.
Fruit vinegar market segmentation according to form includes gel and liquid.
Based on application, the market is segmented as food, beverages, cosmetic & personal care, and others.
The distribution channel-based classification of Fruit Vinegar Market comprises store-based and non-store-based distribution.
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